The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...

Trade Liberalisation in developing countries over the last 20 years has often been implemented considering it as a pre-requisite to growth. This paper uses ARDL approach to cointegration and examines the relationships between growth and trade liberalisation in the context of India and Korea....

Under the circumstances of the global crisis effects on risk appetite of international investors, the net FDI flows in Romania registered a sharp fall in post-crisis period to levels of 1/5 as compared to 2008. Even if the current account deficits of Romania have significantly decreased in the...

When David Ricardo set the theory for comparative advantages, he imagined that one day the world will function as an economy without borders, which will be beneficial for every country. Today, the world is still far from the realization of that idea. However, Ricardo`s theory has in some way...

The debate of environmental issues and their analysis is of vital interest for economic policies. Institutions are engaged in identifying and estimating the extent of environmental impact of determinants controllable via policy measures. Annual data from the on Carbon Dioxide emission, economic...

In spite of the fact that the Czech Republic, on its entry into the European Union, undertook, within the shortest possible time limit, to meet all the terms and conditions which are required for adoption of the common European currency, the Euro, it is apparent at the present time that the...

The paper presents an extended version of the fundamental equilibrium exchange rate model (FFER). By introducing potential output into the specification of the foreign trade equations of the partial equilibrium FEER model we show that, under some plausible assumptions, the calculated level of...

This study attempts to examine empirically dynamic causal relationships between carbon emissions, energy consumption, income, and foreign trade in the case of Turkey using the time series data for the period 1960-2005. This research tests the interrelationship between the variables using the...

The evolution of contemporary society, characterized by increasing freedom of action, gives to entrepreneurs a wide field of functional integration in the foreign trade systems of European Union and international system. Regardless of size or scope of the entities in which they operate, the...